Michael Bloomberg to Cut 10,000 Jobs by 2012
The plan will cut $600 million from the city's current budget and $1 billion from next year's, reducing the 2012 deficit from $3.3 billion to $2.4 billion. Of the city's 300,000 employees, 2,100 will see their jobs cut through attrition or layoffs by next July, and theTimes
says "most city agencies would be permitted to hire only one employee for every two who leave."
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